Omega Healthcare Investors Inc Stock Forecast
Green day on Friday for Omega Healthcare Investors Inc
(Updated on May 03, 2024)
The Omega Healthcare Investors Inc stock price gained 0.224% on the last trading day (Friday, 3rd May 2024), rising from $31.27 to $31.34. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.92% from a day low at $30.46 to a day high of $31.35. The price has risen in 6 of the last 10 days and is up by 3.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 206 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $75.49 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Omega Healthcare Investors Inc stock with a 90% probability to be traded between $29.02 and $32.75 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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OHI Signals & Forecast
The Omega Healthcare Investors Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $30.93 and $30.93. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Omega Healthcare Investors Inc stock
Omega Healthcare Investors Inc finds support from accumulated volume at $31.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.89 (2.92%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $30.17 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (OHI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Omega Healthcare Investors Inc to open at $31.05, and during the day (based on 14 day Average True Range), to move between $30.76 and $31.92, which gives a possible trading interval of +/-$0.579 (+/-1.85%) up or down from last closing price. If Omega Healthcare Investors Inc takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.35 (0.03%) than the support at $31.27 (0.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Omega Healthcare Investors Inc stock A Buy?
Omega Healthcare Investors Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.514 Hold/Accumulate Unchanged
Predicted Opening Price for Omega Healthcare Investors Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $31.05 ( 0.93%) | $31.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.94 | 1.91 % | |
| R2 | 31.60 | 0.83 % | ||
| R1 | 31.39 | 0.159 % | ||
| Current price: | 31.34 | |||
| Support | S1 | 30.71 | -2.01 % | |
| S2 | 30.50 | -2.68 % | ||
| S3 | 30.16 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.67 | 1.05 % | |
| R2 | 31.53 | 0.606 % | ||
| R1 | 31.35 | 0.0319 % | ||
| Current price | 31.34 | |||
| Support | S1 | 31.27 | -0.223% | |
| S2 | 30.94 | -1.28% | ||
| S3 | 29.91 | -4.56% |
OHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 29, 2024 | May 15, 2024 | $0.670 | 2.14% |
| 2 | Jan 26, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.670 | 2.18% |
| 3 | Oct 20, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.670 | 2.13% |
| 4 | Jul 20, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.670 | 2.15% |
| 5 | Apr 20, 2023 | Apr 28, 2023 | Aug 15, 2023 | $0.670 | 2.15% |
FAQ
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